808 W 163RD Street

    Gardena, CA 90247
    • $975,000
    • STATUS: Closed
    • ON SITE: 111 days
    • ID#: 18351060
    Sold - 09/18/2018
    $975,000
    SOLD - 09/18/2018
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,290
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    -Rent Controlled Asset - Located in Dense Gardena P.O. Rental Market -Over 23% in Rental Upside -Priced at Under $163,000 per Unit -Pro-Forma Cap Rate of 6.68% & Pro-Forma GRM of 10.83 -Individual Hot Water Heaters -Close Proximity to Retail Shops, Grocery Stores & Restaurants -Bordered by 405 and 110 Freeways - Allows for Immediate Access to Surrounding Employment Hubs

    Sold by Yen "Candy" Liang of Home Team Realty.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T15:33:23.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84250648

    808 W 163RD Street Gardena, CA 90247

    • Price: $975,000
    • Status: Closed
    • Updated: 79 min ago
    • ID#: 18351060
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,290
    SQFT
    $296
    $/SQFT
    1956
    Built
    Neighborhood:
    116 - North Gateway
    County:
    Los Angeles
    Area:
    116 - North Gateway
    Property Description
    -Rent Controlled Asset - Located in Dense Gardena P.O. Rental Market -Over 23% in Rental Upside -Priced at Under $163,000 per Unit -Pro-Forma Cap Rate of 6.68% & Pro-Forma GRM of 10.83 -Individual Hot Water Heaters -Close Proximity to Retail Shops, Grocery Stores & Restaurants -Bordered by 405 and 110 Freeways - Allows for Immediate Access to Surrounding Employment Hubs
    Exterior Features

    Garage Spaces 3.00 Lot Size Source Estimated Lot Size Units Square Feet Parking Features Garage Parking Total 3.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.00 Gross Multiplier 13.40 Gross Operating Income 69592.00 Improvements Amount 316873 Insurance Expense 2155.00 Land Value 330603 Laundry YN Yes Licenses Expense 863.00 Maintenance Expense 1800.00 Net Operating Income 48768.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Other Expense 1200.00 Other Income1 493.00 Pest Control Expense 552.00 Special Listing Conditions Standard Taxes Percent 1.25 Total Actual Rent 72761.00 Total Expenses 20824.00 Vacancy Allowance 3663 Vacancy Allowance Rate 5.00 Water Sewer Expense 1346.00 Zoning Lard1.5

    Listing provided courtesy of Jonathan Nikfarjam of Cbc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T15:33:23.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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